Annuity sales surpassed record levels in H1 2023

Canada Life research finds annuity sales increased by 100% compared to H1 2022

Martin Richmond
clock • 2 min read
Annuity sales surpassed record levels in H1 2023

Sales of annuities in the first half of 2023 surpassed their highest levels since the introduction of pension freedoms, according to new research by Canada Life UK.

The firm's half-year financial results found sales of annuities had surged by 100%, with new business sales for individual annuities totalling £441m, compared to £220m in the first half of 2022. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pension Schemes Bill announced in the King's Speech

Pension Schemes Bill announced in the King's Speech

New legislation introduced following 2024 state opening of parliament

Martin Richmond
clock 17 July 2024 • 2 min read
Pensions not expected to be immediate priority for Labour government

Pensions not expected to be immediate priority for Labour government

PP poll revels majority of industry expects new government to have more urgent priorities

Martin Richmond
clock 17 July 2024 • 2 min read
UK inflation holds steady at 2% as stubborn services prices dash rate cut hopes

UK inflation holds steady at 2% as stubborn services prices dash rate cut hopes

Remains at the BoE’s target level

clock 17 July 2024 • 1 min read
Trustpilot